Author: admin

05 Apr Lengthier job hunts for recent graduates could be major factor in unemployment rate

Posted at 14:52h in Canada

Nearly a year after graduating from Carleton University with a degree in engineering physics, Surya Nareshan is still struggling to find employment.Nareshan, who lives in Ottawa, has applied for dozens of positions since May — mostly in software engineering and optics. While he's made it through multiple rounds of...

Read More

05 Apr Google slaps Chinese developers with lawsuit in New York for conducting ‘pig-butchering’ scams via its Play Store

Posted at 14:30h in Asia

The fraudulent apps ran by the two Chinese developers “affected consumers across the globe” and resulted in “substantial financial losses” to Google users, the US tech giant said in its lawsuit. 06:18‘It’s scary’: Asian cryptocurrency scams bilk tens of thousands of ‘brainwashed’ victims‘It’s scary’: Asian cryptocurrency...

Read More

05 Apr TikTok owner ByteDance stays hands-off as video app faces US ban, leaving local team to become more aggressive

Posted at 13:00h in Asia

The Chinese parent of TikTok has kept a safe distance from the troubles facing its short video app in the US, leaving the response to the local team and Singaporean CEO Chew Shou Zi as they face a possible legal battle against a forced sale...

Read More

05 Apr Lived-in home deals in Shanghai hit 20-month high in March, but agent says bull run may be ‘short-lived’ amid economic concerns

Posted at 12:48h in Asia

Transactions involving lived-in homes in Shanghai shot up in March as owners offered discounts to bargain hunters, but the outlook for the city’s housing market remains cloudy due to concerns about a bleak mainland Chinese economy.The number of transactions hit a 20-month high, and a...

Read More

05 Apr Canada’s job numbers almost unchanged in March, while unemployment rose to 6.1%

Posted at 12:40h in Canada

The Canadian economy lost 2,200 jobs in March while the unemployment rate rose to 6.1 per cent, as more people looked for work and job growth ground to a halt, Statistics Canada said Friday.That's up from 5.8 per cent in February and marks the largest increase in...

Read More

05 Apr Opinion | Why world cannot rely on tech giants to solve its problems

Posted at 12:30h in Asia

The Kennedy-era guru on capitalism John Kenneth Galbraith presciently proclaimed in his 1967 book, The New Industrial State, that “the imperatives of technology and organisation, not the images of ideology, are what determine the shape of economic society”.According to the World Inequality Report 2022 stated,...

Read More

05 Apr Quebec multinational GardaWorld hit by $30M heist at southern California storage facility

Posted at 12:23h in Canada

Thieves got away with $30 million US in cash from a money storage facility in Los Angeles by breaking into the building on Easter Sunday and cracking the safe. Now, detectives are seeking to unravel the brazen cash heist, reportedly one of the largest on...

Read More

05 Apr Chinese firms lag behind US peers in AI development ‘by two years’, Alibaba chairman Joe Tsai says

Posted at 11:30h in Asia

“China is somewhat behind, obviously,” Tsai said, citing how ChatGPT creator OpenAI has leapfrogged the rest of the tech industry in AI innovation, in a podcast interview published on Wednesday with Nicolai Tangen, chief executive of Norges Bank Investment Management – the branch of Norway’s...

Read More

05 Apr Janet Yellen in China: overcapacity high on the agenda as secretary takes swipe at exports

Posted at 09:40h in Asia

“Direct and indirect government support is leading to capacity significantly exceeding China’s domestic demand, as well as what the global market can bear,” Yellen said at an American Chamber of Commerce in China event on Friday.“Overcapacity can lead to large volumes of exports at depressed...

Read More

05 Apr Carbon finance: why deals to fund nature-based climate mitigation and adaptation no longer count on carbon credits

Posted at 08:16h in Asia

Financiers of nature-based projects that seek to reduce and capture carbon emissions while also enhancing developing nations’ resilience against climate change are focusing on investments that are viable even without carbon-credit revenues, according to Hong Kong-based capital providers.Such projects appeal to more mainstream investors after...

Read More